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Research details developments in the Global A2P SMS market forecasted to gain steady growth: BFSI application display promising demand during 2017-2025

Telecommunications Market Research

Geographically, the markets in Asia Pacific and North America, respectively, held the two leading spots in the global market in 2015. The leading position of the Asia Pacific market is chiefly attributed to the region’s large population base and the continuous increase in the number of mobile subscriptions. The thriving BFSI and E-commerce industries in developing economies in the region have also contributed to the increased demand for A2P SMS services.

Presently, rise in mobile marketing activities by application developers and marketers, rising number of mobile subscribers, and the explosion of A2P SMS services in mobile banking, mobile health and mobile payments sectors are some of the major factors giving push to the global market for A2P SMS market. Market Research Hub (MRH) has announced the inclusion of a new study to its vast repository, which focuses on current as well as future growth prospects in the A2P SMS market, and titled as A2P SMS Market - Global Industry, Size, Share, Growth, Trends, and Forecast 2017 – 2025”.

According to the study major findings, the global A2P SMS market, with a valuation of US$62.01 bn in 2017, will exhibit a healthy 4.2% CAGR from 2017 and 2025 and rise to a valuation of US$86.53 bn by 2025.

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A2P SMS is one form of service in which SMS is sent from a web based application to a mobile subscriber.